The USO kicked off the new year by denouncing the policies of President Juan Manuel Santos and warned again that there are plans to hand over Ecopetrol’s (NYSE:EC) assets to private multinationals. A broad-scale national strike should be planned immediately, the union said.
The National Hydrocarbons Agency (ANH) and MinMinas have been talking about a new procedure to assign areas for exploration and production since September. Finally in the very last week of the year, when government is normally shut down, the text has been published for comments. The comment period ends January 31st.
It is not quite at the same level of eloquence as the Queen’s annual broadcast to the Commonwealth but it might have achieved a similar level of platitudes-per-column inch if MinMinas González had not dropped a major ‘bomb’ on the issue of fuels for electrical generation.
Campetrol provided an update of its detailed drill rig information and so we updated our charts. Workover has stayed fairly stable since May at 34-35 rigs but Drilling dropped by 7 in October after rising in August.
This year had its fair share of all three (cue the Ennio Morricone theme in the background) although it is harder to find the good than it is to find the ugly. This is a personal wrap-up of the year about to end and a look ahead at what might happen in 2016.
Colombia has risen to the 10th spot in biofuel production according to the US Energy Information Administration (EIA), mostly based on sugar cane and palm oil. But an alternative source which could be applied is used vegetable oil, which authorities say is already being employed as contraband.
2026, Hydrocarbons Colombia, All Rights Reserved.
